The development essentially being closure to the five-month battle between Euronext and Nasdaq for ownership of the Norwegian stock market operator.

In a development that essentially confirms a statement by Euronext, Norway’s finance ministry has stated it will allow Euronext’s bid to acquire a majority stake in Oslo Bors VPS.

The decision effectively ends a five-month battle between Euronext and Nasdaq for ownership of the Norwegian stock market operator.

While Euronext has already secured a stake of more than 50% in Oslo Bors, Nasdaq had argued that no takeover should be allowed unless a two-thirds stake was obtained.

No such restrictions will be imposed, said the Norwegian ministry in a statement.

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Tags: Euronext, finance ministry, majority stake, Nasdaq, Norway, Norwegian, Oslo Bors VPS, ownership, stock market operator, takeover